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Group Personal Accident Insurance: Compare, Buy, Renew, & Claim

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Group Personal Accident Insurance: Compare, Buy, Renew, & Claim

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On our Okbima website, you can easily compare, buy, renew, and claim Group Personal Accident Insurance. Find the best coverage for your team, protecting their financial stability in the event of an accident. Our simplified procedure makes it easy to navigate policies and make informed decisions. safeguard your employees and their loved ones with our comprehensive Group Personal Accident Insurance plans. Visit our website today for a hassle-free experience. Read More

What is Group Personal Accident Insurance?

Stay safe and worry-free with Group Personal Accident Insurance. Whether you're an employee, a worker, or a member of an organization, this policy has your back. GPA Insurance protects you and your loved ones against financial responsibilities caused by unexpected injury or death. Tailored to your group's needs, it reduces the high costs of disability and provides financial support to your family if something bad happens to you. You can feel at ease in the face of life's uncertainty knowing that your financial well-being is taken care of.

Benefits Of Group Accident Insurance Policy In India

Benefits of group accident insurance policy in India are:

Coverage against accidental health

Employees who participate in the Group Personal Accident Insurance receive financial protection if they are killed in an accident. If the insured person dies in an accident, the person or people nominated by the insured person will get the agreed-upon sum of money.

Coverage against disabilities

If a person is permanently injured or disabled, Group Personal Accident Insurance provides financial assistance to them and their families. This money helps individuals survive financially while they are unable to work due to an accident-related disability.

Medical reimbursement

Following an accident, employees may request reimbursement for medical expenditures they have incurred. This includes money they spent staying in the hospital after the incident, an everyday allowance for being in the hospital, and the medical expenses they had after leaving the hospital.

Educational Benefit for Children

Group Personal Accident Insurance has another great benefit. If the insured individual dies or becomes permanently disabled, the policy will pay for the education of up to two children. This means that if something tragic happens to the insured employee, the insurance will help cover the costs of the children's education.

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Why Should You Buy Group Accident Insurance From Okbima?

Some main reasons to buy group accident insurance from Okbima are:

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You can easily and quickly access all of the relevant policy wording documents and brochures. Simply visit our website Okbima to get all of the necessary policy information.

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Key Features of Group Accidental Insurance Policy

Some features of group accidental insurance policy are:

  • It is offered to a group of people who are at risk of the same thing
  • This group can be made up of employees by their employer, an organization, a travel company, banks, or other service providers for their customers
  • If any of the events listed in the policy result in an injury, the insurance policy covers costs and provides money to the group members who are insured
  • It can be implemented anywhere in the world

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What Covered Group Personal Accident Insurance Policy?

The things covered under the group personal accident insurance policy are-

Accidental Death

If the insured individual is killed in an accident, the money is given to the selected family member. When purchasing the coverage, it is important to give the nominee information. If you forget, contact your insurance right away.

Medical Expenses

Group Personal Accident Insurance pays the covered person's hospital or daycare treatment fees. It only covers injuries that require hospitalization or nursery treatment. After leaving the hospital for up to 90 days, the policyholder can also receive reimbursement for some medical expenses.

Temporary total disability

Temporary total disability group Personal Accident Insurance provides coverage for accidental illnesses or accidents that temporarily keep the insured from working. As long as the temporary total disability lasts, the policy pays the insured a certain sum.

Mobility Support Cover

Group Personal Accident Insurance offers coverage for mobility assistance. After an accident, it pays for equipment such as wheelchairs, artificial limbs, crutches, dentures, and glasses. The insurer covers the cost of these things.

Funeral expenses

If a policyholder dies in an accident, group personal accident insurance allows for the beneficiary's family to be compensated for funeral costs. This includes the cost of transportation, burial, cremation, and any related expenses.

What it doesn’t cover?

The following causes of death or serious injury are not covered by group personal accident insurance:

  • Natural death

  • Being injured or dying when drunk or high on drugs

  • Being injured or dying while doing extreme sports or dangerous activities

  • Any previous medical condition, as well as any handicap or accident related to it

  • Getting compensation for harm or death sustained during a suicide attempt

  • Pregnancy, including giving birth, having a miscarriage, having an abortion, or dealing with any of these difficulties

  • Illness transmission by sexual contact or venereal disease

  • Treatments or measures intended to treat an illness

Things To Consider While Buying Group Personal Accident Insurance

Things to consider while buying group personal accident insurance are:

  • Coverage: Make sure the policy covers accidents related to your regular activities and includes worldwide coverage if you often travel overseas
  • Sum insured: Select a policy with a maximum coverage amount that matches your needs, taking into account factors such as your age and potential medical bills
  • Premium: Look for a mix of coverage and cost, avoiding exceptionally low-priced plans that may not give adequate coverage when you need it
  • Inclusions: Confirm that the policy covers the most likely accident scenarios
  • Recompense to the family: Look at the advantages the insurance provides to your family in the event of permanent disability or death as a result of an accident to ensure maximum recompense.
  • Insurer reputation: Research the insurance company's reputation, including their claim settlement percentage, internet ratings, reviews, and client testimonials, to determine the quality of their service.
  • Network hospitals: Check the insurer's website to see if it has any trustworthy and reachable network hospitals where you can receive cashless care.
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Documents Required For Buying Group Accident Insurance Policy

Documents Needed to Purchase a Group Accident Insurance Policy are:

Employee Information

A list of employees, including names, birthdates, addresses, and occupations

Employer Information

It includes company details and identity documents

Policy Coverage and Benefits

Details of coverage, including as the sum assured, death benefits, disability benefits, and medical expenses

Proof of Group Membership

Documentation of group affiliation, such as a membership certificate

Employee Consent Forms

Employee signatures on authorization forms

Claims Processing

Information about filing claims, required paperwork, and contact information

Best Group Personal Accident Insurance In India 2023

Coverage, sum insured, rates, policy duration, and exclusions are all important considerations when deciding on the best personal accident insurance policy in India. Here are a few of the top group personal accident insurance plans for 2023 in India.

How To Renewal Group Accident Insurance Policy?

Follow these easy steps to renew your group accident insurance policy

Step 1

First, check your current policy terms and renewal date.

Step 2

Get in touch with your insurance company to start the renewal procedure.

Step 3

Submit all documents that are required, such as updated employee data.

Step 4

Discuss coverage options and make any necessary adjustments.

Step 5

Pay the renewal premium by the due date.

Step 6

Once completed, you will receive confirmation and revised policy materials. Keep in mind to store these documents securely.

How To File A Group Personal Accident Insurance Claim?

To avoid unnecessary delays, policyholders should be familiar with the process of filing group personal accident insurance claims. Here's a quick rundown:

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